NEWARK, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HEAVY & GENERAL LABORERS LOCAL 472 & LOCAL 172 OF NEW JERSEY WELFARE FUND, founded in 1950, is a major nonprofit that reported $265.5M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $243.9M left a modest 8% surplus.
THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $265,452,660 | $240,902,456 | +0.1% |
| Expenses | $243,876,094 | $230,554,607 | +0.1% |
| Net Income | $21,576,566 | $10,347,849 | +1.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JACK KOCSIS JR | CO-CHAIRMAN | 1.00 |
Director
|
$0 | $0 | $0 |
| MANUEL AMADOR JR | CO CHAIRMAN | 1.00 |
Director
|
$0 | $0 | $0 |
| ANTHONY CAPACCIO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFFREY S WATERS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| FRANK CRISCOLA JR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN DELPOME | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LUIS RECIO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARTIN DOWN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL E HELLSTROM JR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL GIUNTA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BEVERLY CEASER | GENERAL MANAGER | 20.00 |
Officer
|
$263,394 | $91,173 | $354,567 |
| RUSSEL BLEY | ASST. GENERAL MGR | 20.00 |
Officer
|
$190,172 | $78,294 | $268,466 |
| THOMAS COTOV | LEGAL SERVICES | 35.00 |
Highest
|
$249,902 | $90,027 | $339,929 |
| VINCENT RICCARDI | LEGAL SERVICES | 35.00 |
Highest
|
$223,569 | $87,788 | $311,357 |
| CHARLES FERNS | FINANCE MANAGER | 14.00 |
Highest
|
$199,257 | $85,722 | $284,979 |
| CARLOS DEOLIVEIRA | COLLECTIONS AUDITOR | 18.00 |
Highest
|
$162,080 | $82,569 | $244,649 |
| GLEN KENYON | MANAGER | 18.00 |
Highest
|
$163,076 | $82,646 | $245,722 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $265,452,660 | $243,876,094 | $367,808,806 | $21,576,566 |
| 2024 | $240,902,456 | $230,554,607 | $350,203,696 | $10,347,849 |
| 2023 | $226,578,670 | $215,670,065 | $320,028,510 | $10,908,605 |
| 2022 | $218,623,615 | $204,412,911 | $313,433,739 | $14,210,704 |
| 2021 | $206,522,689 | $186,054,567 | $303,259,607 | $20,468,122 |
| 2020 | $209,865,685 | $182,148,361 | $270,617,489 | $27,717,324 |
| 2019 | $183,137,642 | $164,134,032 | $247,131,074 | $19,003,610 |
Compare HEAVY & GENERAL LABORERS LOCAL 472 & LOCAL 172 OF NEW JERSEY WELFARE FUND with other nonprofits in New Jersey and across the country.